The automated breach and attack simulation market is growing as enterprises invest more in cybersecurity to combat rising cyber threats.
Increasing digitisation over the past few decades has fuelled penetration of next-generation technologies such as Artificial Intelligence (AI), machine learning (ML), Internet of Things (IoT), and automation. While over-dependency of the modern world on these technologies has cleared way for a wealth of innovations, concerns around cybersecurity continue to ascend, which necessitate demand for effective automated breach and attack simulation measures. One of the latest ongoing studies of Fairfield Market Research intends to uncover the strategic growth insights related to global automated breach and attack simulation market landscape. The report would provide growth forecast for the market along with greater emphasis on the strategic competition analysis.
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Increasing Rate of Cyber Threats Necessitates Effective Measure
Indispensably growing implementation of effective security measures to prevent mounting instances of data breach, identity theft, cyber-attacks, money laundering, and several other challenges is driving the growth of automated breach and attack simulation market. With a consistently increasing number of cyber-attack vectors worldwide, there have been notable improvements regarding the development of stringent regulatory guidelines on the same. This is expected to work to the advantage of market.
With growing adoption of cybersecurity systems across industries, the need for early detection of the possible vulnerabilities, and loopholes in the same also tends to rise. The automated breach and attack simulation technology not only involves simple installation but also makes use of more than one cyber-attack scenario to obtain the most effective outcome. Adoption is also expected to witness strong growth given the solid proliferation of cloud technology, and more small- and mid-sized enterprises opting for cloud-based security solutions.
Global COVID-19 Pandemic Has Acted as a Booster to Market Growth
The COVID-19 pandemic compelled the entire world to go online, especially businesses. However, while a majority of industries adopting the virtual work and monitoring model, the sophistication of cyber-attacks has also increased to a large extent. Organisations of all sizes have since been on the radar of cyber attackers – retail, ecommerce, and banking/finance being the top ones suffering huge reputational, as well as financial losses. With mounting usage of VPN, and exponentially rising adoption of effective cybersecurity measures by companies across multiple industrial verticals, demand for automated breach and attack simulation solutions will continue to be on an uptrend. Rampant expanse of smart/connected technology also indicates a huge opportunity for automated breach and attack simulation solution providers.
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Key Vendors in Automated Breach and Attack Simulation Market
Sophos, Attack IQ, Qualys, Cymulate, Keysight, Skybox Security, Rapid7, ReliaQuest, SafeBreach, CyCognito, FireMon, XM Cyber, NopSec, Aujas, Scythe, Foreseeti, BitDam, and Verodin represent some of the most prominent players competing in the global automated breach and attack simulation landscape. As an increasing number of data centres, and enterprises readying to invest a significant portion of their IT budget in security breach mitigation, and cybersecurity management, vendors are more likely to target them to cease emerging opportunities.
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The article discusses the growth of the automated breach and attack simulation market due to increased cybersecurity investments.
How has COVID-19 impacted the cybersecurity market?
What role does cloud technology play in this market?
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